Please note: As of January 20, 2021, information in some news releases may be out of date or not reflect current policies.
News Release
Pension And Welfare Benefits Administration Releases Field Assistance Bulletin on Multiemployer Plan Trustees
Archived News Release — Caution: Information may be out of date.
Washington, DC - The U.S. Department of Labor’s Pension and Welfare Benefits Administration today released Field Assistance Bulletin No. 2002-2 describing circumstances under which multiemployer trustees may be acting in a settlor, rather than a fiduciary, capacity. In addition, the FAB makes clear that, consistent with earlier plan expense guidance, expenses incurred by multiemployer trustees in connection with settlor activities cannot be paid by the plan.
The FAB is part of the department’s ongoing compliance assistance program to help employers, plan officials, service providers and others voluntarily comply with the Employee Retirement Income Security Act.
Field Assistance Bulletins and other resources that are part of the compliance assistance program are available at www.dol.gov/pwba under Compliance Assistance and Laws and Regulations.
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Archived News Release — Caution: Information may be out of date.